REP Deep ScytheREP has formed a 'deep' scythe pattern, this is a bullish continuation pattern. Deep meaning the blade length of the scythe is quite large while the 'snath' or 'stem' is not very long. Still developing this pattern ill post charts as I discover them, I encourage you to do the same! :)
REPUSD trade ideas
REPUSD breakout! Wave 3 after Veil mainnet launch - AUGURHi everyone,
it seems like Augur is ready for Wave 3 of the current uptrend. Veil mainnet has launched and the platform is growing a remarkable userbase according to crypto media.
Looking at the 4h chart, wave 1 is a beautiful example of a perfect Elliot 5 Wave structure, respecting the Fib levels to perfection. Now that the whole structure (Orange wave 1) has retraced close to the golden ratio at .618, which happens to lie on top of the 100MA, we see confluence in several indicators for a continuation upwards.
RSI broke up from downward resistance
MACD & Histogram pointing towards the end of the ABC correction and a continuation upwards
Volume is starting to come in and we are seeing a bullish engulfing candle about to close
Targets (mid term) = 32 / 40 USD
SL 12.5 USD as invalidation of this idea
Safe trading!
Raul
Fractal Projection on Augur, REPUSDWeekly log chart.
I am enamored and fascinated by the price action of this coin.
My studies have led me here.
I have begun accumulating this coin, even though I think we may dip down and consolidate for the summer before the next move up.
Bottom box is buy zone, top two boxes are take profit. stop loss is bottom of pitchfork.
Even if the fractal doesn't play out, I'm bullish long term inside the pitchfork.
Measure twice, cut once.
May all of life's treasures be yours.
REPUSD WEEKLY AUGUR MARKET CONDITIONSAUGUR is trying to recover from a rally far beyond this crypto value.
Major support and resistance levels are shown in Blue and Grey.
ADX is barely starting to show, with signs of Trend, but falling.
RSI and Stochastic near oversold, but showing good values for Long entries since we are still on an uptrend on a weekly basis.
We are on the middle of the week, yet price is still hesitant at the time of publishing. Should a close over resistance occur, will be a long sign on a weekly basis.
Several trading opportunities can be found on a daily and hourly basis though.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
REPUSD Buy timeREPUSD pair is on a downtrend along with ETHUSD, but with conditions in favor of range trading.
Right now, RSI and Stochastic overbought and ADX in range trading zone.
Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price.
Stop under major resistance for a Risk/Reward of 1.75